Bank Of America To Launch Internet Banking System 12/02/96
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TOKYO, JAPAN, 1996 DEC 2 (NB) -- By Martyn Williams. Bank of America is due to offer its credit card customers the ability to perform basic account transactions via the Internet next year. The bank will be using a system currently under development by Hitachi Ltd. and Bank of America subsidiary Concorde Solutions, a Hitachi spokeswoman confirmed to Newsbytes today. "The new system will enable credit card transactions via the Internet," said Hitachi's Emi Takase. "Bank of America is aiming to market the system from August, 1997." Customers should be able to check credit card balances and account details, apply for credit limit increases, and many of the other actions that a telephone is currently used for. Concorde Solutions, a company 70 percent owned by Bank of America, will develop the application for users with Hitachi. It will run on top of the Japanese company's TP Broker system, an object request broker that was developed with Visigenic Software Inc. Launch customer for the system will be Concorde parent Bank of America, but plans are for the system to be marketed to other banks. "The product will be sold by both companies afterwards," said Takase. (19961202/Press contact: Emi Takase, Hitachi Ltd., +81-3-3258-2055, fax +81-3-3258-5480, e-mail emi@cm.head.hitachi.co.jp; Reported By Newsbytes News Network: http://www.newsbytes.com) -- C O P Y R I G H T * R E M I N D E R This article is Copyright 1996 by Newsbytes News Network. All articles in the clari.* news hierarchy are Copyrighted and licensed to ClariNet Communications Corp. for distribution. Except for articles in the biz.clarinet.sample newsgroup, only paid subscribers may access these articles. Any unauthorized access, reproduction or transmission is strictly prohibited. We offer a reward to the person who first provides us with information that helps stop those who distribute or receive our news feeds without authorization. Please send reports to reward@clari.net. [Use info@clari.net for sales or other inquiries.] Details on use of ClariNet material and other info can be found in the user documentation section of our web page: <http://www.clari.net>. You can also read ClariNet news from your Web browser.
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